Fidelity® MSCI Communication Services Index ETF

10-Year Study

FCOM.US · · US · ETF

Executive Summary: Fidelity® MSCI Communication Services Index ETF has compounded at 11.9% annually over the last 10 years, with a maximum drawdown of 44.5% and an annualized volatility of 24.2%.

1Y CAGR
+27.5%
3Y CAGR
+26.8%
5Y CAGR
+8.5%
10Y CAGR
+11.9%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
44.5%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.49
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.73
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
18.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2023 · +44.7%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -39.0%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20263.0-3.6-6.310.0————————2.3%
20257.4-3.7-7.2-1.38.77.62.32.84.4-0.52.31.626.1%
20243.84.62.8-4.06.43.4-1.12.04.92.04.8-0.133.0%
202315.1-3.96.72.22.94.85.9-3.0-3.7-1.58.35.444.7%
2022-6.1-5.90.3-15.01.3-8.93.7-3.3-12.22.44.8-7.2-39.0%
2021-0.27.51.26.7-0.13.80.73.6-5.80.4-6.32.513.9%
20200.6-5.7-14.214.16.80.17.38.1-5.60.912.24.428.3%
201910.10.41.86.1-5.63.73.7-3.2-0.42.63.52.126.7%
20181.3-5.5-2.91.2-3.42.81.46.23.7-3.11.6-8.0-5.3%
20170.3-2.9-1.47.00.1-1.82.20.2-0.2-2.82.90.33.7%
2016———-0.0-1.36.82.7-6.00.8-4.13.77.49.6%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 24.2%. The dominant macroeconomic risk driver is SHV.US, accounting for 62.7% of variance. Idiosyncratic stock-specific factors contribute 5.7%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019996.701050836002
2016-05-019869.611045847347
2016-06-0110544.72892293333
2016-07-0110824.375211213208
2016-08-0110174.160377206676
2016-09-0110253.576543666823
2016-10-019837.707793566244
2016-11-0110200.954281392316
2016-12-0110955.287169501617
2017-01-0110989.40313158784
2017-02-0110675.439725784907
2017-03-0110530.285962568994
2017-04-0111263.45729872387
2017-05-0111273.756457089523
2017-06-0111074.129801580277
2017-07-0111320.303825171786
2017-08-0111341.103297339921
2017-09-0111316.80372057096
2017-10-0111004.489789350027
2017-11-0111326.901723499783
2017-12-0111359.448673178738
2018-01-0111512.045187557329
2018-02-0110880.055036127516
2018-03-0110563.79845834473
2018-04-0110689.761992887143
2018-05-0110330.337458360824
2018-06-0110623.581854170354
2018-07-0110776.661141597335
2018-08-0111444.819040569027
2018-09-0111869.136319016432
2018-10-0111504.562205307286
2018-11-0111684.958401055663
2018-12-0110752.844337876764
2019-01-0111836.9112180364
2019-02-0111881.326338488276
2019-03-0112090.930303664247
2019-04-0112832.429474903845
2019-05-0112113.620636938573
2019-06-0112566.341063066251
2019-07-0113036.562012198068
2019-08-0112619.446098389146
2019-09-0112565.41574805684
2019-10-0112891.770328768445
2019-11-0113345.295376643438
2019-12-0113623.050803817125
2020-01-0113711.398271672488
2020-02-0112929.90939959125
2020-03-0111091.751017846509
2020-04-0112658.269097697172
2020-05-0113514.145250317824
2020-06-0113521.346614956308
2020-07-0114501.657520799474
2020-08-0115677.250124716371
2020-09-0114801.459583849632
2020-10-0114928.066815789898
2020-11-0116746.63265798748
2020-12-0117482.62017025796
2021-01-0117448.061666210713
2021-02-0118758.30771954104
2021-03-0118979.538468965737
2021-04-0120245.610788368387
2021-05-0120226.34009752015
2021-06-0121003.68516760271
2021-07-0121157.89092547593
2021-08-0121913.39051511884
2021-09-0120631.949920342446
2021-10-0120724.682576720683
2021-11-0119422.88505173718
2021-12-0119909.761671038443
2022-01-0118700.294491559518
2022-02-0117595.46837031911
2022-03-0117656.177081154146
2022-04-0115016.29359038316
2022-05-0115210.408586923288
2022-06-0113855.38533335479
2022-07-0114361.371719154826
2022-08-0113894.329025924912
2022-09-0112204.985436346375
2022-10-0112493.72395037093
2022-11-0113094.615471266954
2022-12-0112151.478090149822
2023-01-0113986.337522730566
2023-02-0113446.436330281134
2023-03-0114351.595564924928
2023-04-0114661.374937641816
2023-05-0115084.847363254534
2023-06-0115807.437923432195
2023-07-0116738.184129640656
2023-08-0116239.43933956647
2023-09-0115631.90968925508
2023-10-0115391.770328768445
2023-11-0116671.15913808918
2023-12-0117577.20345665503
2024-01-0118238.159990988235
2024-02-0119070.742344024075
2024-03-0119599.700680709997
2024-04-0118820.625673870716
2024-05-0120026.79390418564
2024-06-0120702.032474533724
2024-07-0120470.140486957083
2024-08-0120872.29043626591
2024-09-0121894.32097970744
2024-10-0122331.592668286637
2024-11-0123400.85450829565
2024-12-0123385.808081620828
2025-01-0125126.808387377096
2025-02-0124198.556508585312
2025-03-0122468.136978806266
2025-04-0122184.588275051898
2025-05-0124125.49685392897
2025-06-0125947.039796591624
2025-07-0126547.56923770136
2025-08-0127284.240678457056
2025-09-0128490.56983312145
2025-10-0128362.111971162358
2025-11-0129004.40128095782
2025-12-0129481.34082167973
2026-01-0130354.355417518225
2026-02-0129260.069841167668
2026-03-0127405.416713602935
2026-04-0130157.223089425657
Annual Return Matrix
YearAnnual Return
20170.03689191323092511
2018-0.05340086061872462
20190.2669253246631773
20200.283311676805859
20210.13883167838363386
2022-0.3896723481212807
20230.44650743936273773
20240.3304623877905086
20250.26065093490822955
20260.022925764192139653
Total Factor Risk
0.24178898552282113
VTI.US Exposure
0.14547760258626902
VEA.US Exposure
-0.009828707883334554
VWO.US Exposure
0.014932204661230505
QQQ.US Exposure
0.12741835741293386
VTV.US Exposure
-0.033506381749057415
IJR.US Exposure
-0.009085999251581125
QUAL.US Exposure
0.035451008574084855
SHV.US Exposure
0.626974618472359
TLT.US Exposure
-0.01637664952241401
LQD.US Exposure
0.07354637954776774
HYG.US Exposure
-0.00553770486290263
GLD.US Exposure
0.0040179609967542634
USO.US Exposure
-0.0032783340754463136
VNQ.US Exposure
-0.007349917634456034
BTC-USD.CC Exposure
-0.0006567336756173381
CPER.US Exposure
-0.00021986774421120406
VIX.INDX Exposure
0.007138527826857609
UUP.US Exposure
-0.0025518509149984594
TIP.US Exposure
-0.0031368713440596877
Idiosyncratic Exposure
0.05657235857982182
Value Score
43.2
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
10.6
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
24.2%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →17.1x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.88%
Market Cap$273.9B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$70
Avg Yield on Cost
0.70%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$700.70%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+5.5%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+7.0%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.1% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.05
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Fidelity® MSCI Communication Services Index ETF a high-risk investment?

Fidelity® MSCI Communication Services Index ETF (FCOM.US) has an annualized volatility of 24.2% and experienced a maximum drawdown of 44.5% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of FCOM.US?

Over the past 10 years, FCOM.US has generated a Compound Annual Growth Rate (CAGR) of 11.9%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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